The Bitcoin ecosystem continues to be dominated by a handful of platforms and companies.
Futures volume and open interest spiked at derivatives exchanges after Bitcoin price hit $11.7K, highlighting increasing participation from institutional investors.
The information in the report appears to confirm what many in the industry already believed to be true.
Bitcoin may have solidified a price base due to big player purchases.
Bitcoin and most major altcoins are sustaining above their immediate support levels, increasing the possibility that the uptrend will resume.
After rallying 8.15% to $387, Ethereum price is fast approaching a key resistance at $400.
Ripple’s David Schwartz has revealed that he sold 40,000 Ether at $1 each as part of a risk management plan made with his spouse in 2012.
Kraken has identified a decreasing correlation between Bitcoin and the legacy financial markets.
Bitcoin’s strength above the $11,500 multi-year resistance is also pulling many altcoin prices higher.
The futures contracts premium and the long-to-short ratio show that top traders feel bullish about Bitcoin price.